408, Le Presidium 2
Sold prices and rental history: sold 3 times, last in February 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Le Presidium 2
What is 408 worth today?
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Source: Dubai Land Department. Updated 20 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 724 sqft
- Floor
- 4th of 11
- Parking
- B2-116
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 10,200 /yr
- Last sold
- AED 450K · February 2020
- Building
- Le Presidium 2
About 408, Le Presidium 2
408 is a one-bedroom apartment of 724 sqft on the 4th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 19 February 2020 for AED 450,000, or AED 621 per sqft.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 20 January 2025, is AED 55,000 a year: a gross yield of 12.2% on the 2020 price, before the service charge of about AED 10,200 a year.
Sales and rents for 408 over time
408 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Le Presidium 2, and where 408 sits
All 71 1-beds →Over the last 12 months one-beds sold for AED 710,000, around AED 980 per sqft, and rent for AED 48,000 to 75,000 a year. 408's AED 55,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 May 202520 May 2025 | 724 sqft | 655,000 | 904 | ||
| 13 May 202513 May 2025 | 724 sqft | 730,000 | 1,008 | ||
| 1 May 20251 May 2025 | 724 sqft | 680,000 | 939 | ||
| 26 Feb 202526 February 2025 | 912 sqft | 690,000 | 756 |
Le Presidium 2
Building95 apartments, 1-bed to 2-bed over 11 floors in Dubai Silicon Oasis, completed in 2016 by Credo Investments. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,067
- Typical sale
- AED 1.09M
- Typical rent
- AED 63K /yr
- Typical yield
- 7.0%
Other units on the 4th floor
All 95 units in Le Presidium 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,009 sqft | AED 730KAED 730,000 · Mar 2022March 2022 | 42,000 /yr | |
| 402 | 1-bed | 724 sqft | AED 500KAED 500,000 · Aug 2023August 2023 | 63,000 /yr | |
| 403 | 2-bed | 1,280 sqft | AED 995KAED 995,000 · Aug 2016August 2016 | 92,000 /yr | |
| 404 | 1-bed | 912 sqft | AED 737KAED 736,592 · Nov 2016November 2016 | 67,181 /yr | |
| 405 | 1-bed | 906 sqft | AED 714KAED 713,500 · Oct 2016October 2016 | 60,000 /yr | |
| 406 | 1-bed | 912 sqft | AED 714KAED 713,500 · Oct 2016October 2016 | 62,000 /yr | |
| 407 | 2-bed | 1,274 sqft | AED 1.3MAED 1,300,000 · Oct 2024October 2024 | 90,000 /yr | |
| 409 | 1-bed | 1,010 sqft | AED 740KAED 740,000 · May 2023May 2023 | 52,000 /yr |
408, Le Presidium 2 in numbers
- Sold 3 times: first on 17 February 2016 for AED 358,760, last on 19 February 2020 for AED 450,000 (AED 621 per sqft).
- Rented since January 2017 on 3 Ejari contracts. The rent fell from AED 58,000 to AED 45,000 in 2020 and recovered to AED 55,000 by January 2025.
- At AED 55,000 a year the gross yield on the 2020 price is 12.2%, before a service charge of about AED 10,200 a year (AED 14.13 per sqft).
- One-beds in Le Presidium 2 sold for AED 710,000–710,000 in the 12 months to November 2026; the building's median across all types is AED 1,067 per sqft.
Source: Dubai Land Department. Updated 20 January 2025.
Questions about 408, Le Presidium 2
What did unit 408 last sell for?
AED 450,000 on 19 February 2020: AED 621 per sqft for 724 sqft. The unit has 3 registered sales; the first was AED 358,760 in February 2016.
What is the rent for unit 408?
AED 55,000 a year on the contract signed on 20 January 2025. The previous contract, from January 2020, was AED 45,000; the unit has been rented since January 2017.
How big is unit 408?
724 sqft (67.3 sqm): a one-bedroom apartment on the 4th floor of a 11-storey tower completed in 2016.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Le Presidium 2 sold for AED 710,000 to 710,000 in the last 12 months, around AED 980 per sqft.
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Mortgage on 408, Le Presidium 2
Starts from the last sale price (AED 450K, 19 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →